![]() ![]() We recently launched our Security Analyzer, an SBOM (Software Bill of Materials)-based software vulnerability analysis platform, and Security Fuzzer, which effectively detects software flaws with smart fuzzing.” “In our IVS product offering, we provide a wide range of tools and services to enhance in-vehicle systems security. For example, in AutoCrypt V2X, we have our Security Credential Management System (SCMS), a Public Key Infrastructure (PKI)-based authentication system with demonstrated tri-standard compatibility, interoperable in SCMS (Secure Console Management Switch) protocols across North America, Europe, and China,” says Kim. “Within these larger offerings are customisable subcomponents. These products cover different elements of the automotive and mobility ecosystem because connected and autonomous driving can’t be secure until all elements have been covered. Talking to Auto Futures, CEO, Daniel ES Kim, revealed his company is planning to open up Series C later this year.ĪUTOCRYPT’s core offerings are AutoCrypt V2X, AutoCrypt IVS, AutoCrypt PnC, and AutoCrypt FMS. The Seoul-based company has also announced that it has raised a $25.5 million Series B round, giving it a valuation of $120 million. South Korean secure mobility and V2X communications company, AUTOCRYPT, has been focusing on the need for secure vehicle connectivity for nearly two decades.Įstablished in 2019, it is a spin-off from parent company Penta Security Systems, a leading cybersecurity firm in South Korea. With its offices now in South Korea, China, Japan, and Canada, AUTOCRYPT is also planning to expand into the United States and Europe in 2021.Cars and road infrastructure are becoming much more sophisticated and connected, and this is a risk that needs to be secured before vehicles hit the road. The company is currently in talks with potential partners in the region and plans to begin active business operations in Q2. ![]() The new branch will allow for AUTOCRYPT’s V2X and Plug&Charge security solutions to be more widely accessible to testbeds, OEMs, Tier-1 suppliers, and automotive software or service providers located in North America. Kim stated that with the funding, “AUTOCRYPT plans not only on enhancing V2X security technology but also in expanding security operations into more Intelligent Transportation Systems (ITS) projects.” He continued, “We are confident that this investment validates the quality of what we have developed and will allow us to continue prioritizing security in connected and autonomous vehicles.”ĭue to the rising demand for autonomous and electric vehicle security technology, AUTOCRYPT also announced the opening of its North American office, located in Toronto, Canada. The company currently secures all smart roadways and highways in South Korea, totaling over 5000 kilometers. Led by CEO and co-Founder, Daniel ES Kim, AUTOCRYPT has garnered the attention of the automotive industry, providing end-to-end vehicle security for connected and autonomous vehicles and surrounding infrastructure. Backers included major Korean investors KB Investment, Pathfinder H, Ulmus Investment, Korea Asset, Hyundai Venture Investment Corp., and IBK. Ltd., a leading autonomous driving security solutions provider, raised nearly $13 million in a Series A funding round, bringing the total to $15M raised in 2020. ![]()
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